Alonso Lisa A 4

What Happened
Lisa A. Alonso, Executive Vice President and Chief HR Officer of Healthpeak Properties (DOC), was awarded restricted stock units (RSUs) on January 28, 2026. The filing shows two award entries: 456 RSUs and 3,828 RSUs granted at $0.00 (total 4,284 RSUs). On the same date, 252 shares were forfeited to satisfy tax withholding obligations (reported as a disposal at $17.71 per share, $4,463). The forfeiture is a tax-withholding action, not an open-market sale.

Key Details

• Transaction date(s): January 28, 2026 (report filed January 30, 2026). Filing appears timely (within the usual two-business-day Form 4 window).
• Awards: 456 RSUs and 3,828 RSUs granted, recorded at $0.00 per share.
• Tax withholding: 252 shares forfeited at $17.71/share to cover withholding (cash value = $4,463); this is not a sale of shares.
• Footnotes of note:
  • The 2/15/2023 performance-based RSUs were determined to have met performance conditions and vested in full on 1/28/2026.
  • RSUs represent the right to receive one share per unit on vesting.
  • The 2/7/2025 performance-based award had its performance condition satisfied on the same date, resulting in a one-third-per-year vesting schedule (subject to continued employment).
• Shares owned after the transactions: Not specified in the provided filing excerpt.

Context

• This filing reflects awards and routine tax withholding rather than an open-market buy or sell; awards are neutral informationally compared with outright purchases (which can be a stronger bullish signal).
• For performance-based RSUs, the Committee’s determination triggered vesting events or conversion to time-based vesting schedules per the footnotes; tax-withholding forfeitures are standard practice on RSU vesting.